Application for exercise of option under sub-section (7) of section 115BAB of the Income-tax Act, 1961

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..... ........ , on behalf of [name and registered address of the company exercising the option under sub-section (7) of section 115BAB] . having Permanent Account Number (PAN) . do hereby exercise the option referred to in sub-section (7) of section 115BAB of the Income-tax Act, 1961 (the Act) for previous year 20 ..- and subsequent years. 2. The details of the company are given be .....

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..... tion, once exercised for any previous year, cannot be subsequently withdrawn for the same or any other previous year. 4. I do hereby affirm that; (i) the business has not been formed by splitting up or reconstruction of a business already in existence except for as provided in section 33B. (ii) the company does not use any machinery or plant previously used except as provided in Explanati .....

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